Gitex Global 2022 generates Dhs2.6bn total economic output
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Gitex Global 2022 generates Dhs2.6bn total economic output

Gitex Global 2022 generates Dhs2.6bn total economic output

The tech show attracted more than 170,000 attendees, 40 per cent of which were international

Zubina Ahmed
Gitex Global 2022 generates Dhs 2.6bn total economic output

Dubai World Trade Centre (DWTC), announced that Gitex Global 2022, has achieved record-breaking results in generating Dhs2.6bn worth of total economic output, with 57 per cent (Dhs1.4bn) retained in Dubai’s economy, according to an Economic Impact Assessment Report.

Gitex Global 2022 attracted more than 170,000 attendees, 40 per cent (68,000) of which were international. The 42nd edition of the tech show, which took place from October  10-14 at DWTC, was estimated to support 9,600 jobs generating disposable household income of Dhs463m, a 55 per cent increase from 2019.

Omar Sultan Al Olama, Minister of State of Artificial Intelligence, Digital Economy and Remote Work Applications, and Chairman of Dubai Chamber of Digital Economy, said that the UAE is moving forward towards new futuristic horizons, under the directives of its wise leadership, leading to new summits of growth and comprehensive sustainable development.

Al Olama, added that the UAE is pioneering the pivotal sectors of tomorrow’s economy to continue its development path including artificial intelligence, digital transformation, knowledge economy, and the 4th industrial revolution, among others, propelled by its proactive strategies that consolidates its status as a global economic hub.

He further emphasised the importance of organising Gitex, and its remarkable success that reaffirms Dubai’s leadership and status as a global business and tech investment destination of choice.

“Gitex has been a key contributor to the economic growth of Dubai,” added Helal Saeed AlMarri, director-general of DWTC. “The 42nd edition in 2022 has achieved unprecedented success across all levels, positioning Dubai and the UAE at the forefront of future technologies.

“DWTC has always been a flag bearer for the global MICE sector, especially in asserting the greater need for events in the post-pandemic new economy.  Gitex has not only been a resounding endorsement of this fact, but has also reflected the confidence of 176 nations in Dubai as the global capital for business and tourism,” concluded AlMarri.

The Gitex Global 2022 Economic Impact Assessment Report is based on a framework that considers direct spend by event organisers, exhibitors and attendees along with the ‘indirect’ and ‘induced’ value impacts in the adjacent sectors linked to the delivery of goods and services for the events sector.

The model excludes any capital infrastructure investments, impacts of deals closed during events and any human capital benefits.

Read: Gitex Global 2022 concludes on Oct 14

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